While the video provides a reason why a country may want to manipulate the value of it’s currency, doing so is usually a violation of the free trade rules for fully floating currencies. The Chinese Yuan is a managed float currency, while the US Dollar is fully floating. You will examine these terms this week.
Note: The video has Closed Captioning. To activate it, start the video, mouse over the bottom of the video and click on the CC icon, then select from the menu.
This week we are going to look more globally and examine exchange rates.
An exchange rate is simply the price of one currency in terms of another currency. In other words, how many US Dollars does it take to buy one British Pound? Remember that an exchange rate ALWAYS involves two currencies which means two countries. Review in detail, the three Exchange Rate presentations before you start your work on this week’s discussion assignment.
The Exchange Rates Part I presentation is below and can also downloaded as a Powerpoint presentation by clicking: Exchange Rates
Then review the downloadable Exchange Rates Part II Powerpoint presentation by clicking: here here – Alternative Formats . (Part III is linked later in the instructions.)
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